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Hagel Steps Down, But Will Serve Until Successor In Place

President Barack Obama announced Monday that embattled Defense Secretary Chuck Hagel has resigned from his post, but will stay on until his successor has been confirmed.

  • Prosecutor Leondra Kruger Nominated To Calif. High Court

    California Gov. Jerry Brown nominated federal prosecutor Leondra R. Kruger to the California Supreme Court on Monday to replace Justice Joyce Kennard, who retired from the bench in April after 25 years.

  • AstraZeneca Can't End Nexium Pay-For-Delay Trial

    A Massachusetts federal judge on Monday refused to allow AstraZeneca PLC and Ranbaxy Inc. to end a pay-for-delay trial over the heartburn drug Nexium, saying the case should go before a jury, while Teva Pharmaceutical Industries Ltd. opted to settle with the plaintiffs.

  • FINRA Fines Citigroup $15M For Analyst Supervision Failures

    The Financial Industry Regulatory Authority on Monday said it has fined Citigroup Global Markets Inc. $15 million for failing to adequately supervise its equity market research analysts, whom the regulator said gave improper tips at so-called “idea dinners” with clients but weren’t adequately punished for violating the bank’s policies.

  • Britain's BT In Talks For $10B Mobile Provider O2

    British cable company BT PLC confirmed Monday it is in early takeover talks with a pair of U.K. mobile providers, including Telefonica SA's O2 unit, potentially setting up another blockbuster tie-up in a European telecom sector teetering toward mass consolidation.

  • Aereo's Gone, But Internet TV Is Here To Stay

    Aereo Inc. ended its three-year copyright battle with a bankruptcy filing, but the trend that the streaming startup so publicly represented — the increasing popularity of novel, Internet-based services for access to video content — isn't going anywhere.